Small Business Loans for Plastics and Rubber Industry Machinery Manufacturing

Looking for small business loans for plastics and rubber industry machinery manufacturing? The SBA may be the answer. This $146,050 plastics and rubber industry machinery manufacturing loan was issued by a New York bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Niagara Bank, out of Auburn, New York. The loan was granted and they received $146,050 to help grow their Auburn, New York business.

SBA Loan Borrower

COMPANY TYPE: SPECIAL INDUSTRY MACHINERY
AUBURN, NY 13021

SBA Loan Lender

FIRST NIAGARA BANK
115 GENESEE ST
AUBURN, NY 13021

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3559 - Special Industry Machinery

NAICS Code

333220 - Plastics and Rubber Industry Machinery Manufacturing

Loan Approval Date

9/12/2001

Loan Approval Gross Amount

$146,050

Loan Approval from the SBA

Of the total $146,050 loan amount, the SBA guaranteed $124,143.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 36 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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Banks in Auburn, New York

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